Freedom Investment Management Inc. Has $1.39 Million Position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Freedom Investment Management Inc. cut its holdings in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 3.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,015 shares of the exchange traded fund’s stock after selling 475 shares during the period. Freedom Investment Management Inc.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $1,388,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Fisher Asset Management LLC raised its stake in shares of iShares 7-10 Year Treasury Bond ETF by 18.2% during the fourth quarter. Fisher Asset Management LLC now owns 49,220,000 shares of the exchange traded fund’s stock valued at $4,550,389,000 after acquiring an additional 7,566,487 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in iShares 7-10 Year Treasury Bond ETF by 37.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 27,763,482 shares of the exchange traded fund’s stock worth $2,724,153,000 after buying an additional 7,579,169 shares during the period. Wealthfront Advisers LLC grew its position in shares of iShares 7-10 Year Treasury Bond ETF by 333,731.3% in the 4th quarter. Wealthfront Advisers LLC now owns 15,626,644 shares of the exchange traded fund’s stock valued at $1,444,683,000 after buying an additional 15,621,963 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the fourth quarter valued at about $725,489,000. Finally, Blue Trust Inc. raised its position in shares of iShares 7-10 Year Treasury Bond ETF by 9.9% during the fourth quarter. Blue Trust Inc. now owns 5,497,557 shares of the exchange traded fund’s stock worth $508,249,000 after acquiring an additional 497,208 shares during the last quarter. 81.48% of the stock is currently owned by institutional investors and hedge funds.

iShares 7-10 Year Treasury Bond ETF Stock Performance

NASDAQ:IEF opened at $94.68 on Friday. The company has a market capitalization of $34.64 billion, a PE ratio of -22.63 and a beta of 0.05. iShares 7-10 Year Treasury Bond ETF has a fifty-two week low of $91.02 and a fifty-two week high of $99.18. The company has a 50 day simple moving average of $94.54 and a two-hundred day simple moving average of $94.06.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, April 4th. Investors of record on Tuesday, April 1st were paid a dividend of $0.3037 per share. This represents a $3.64 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date of this dividend was Tuesday, April 1st.

iShares 7-10 Year Treasury Bond ETF Profile

iShares 7-10 Year Treasury Bond ETF (the Fund) is an is an exchange-traded fund. The Fund seeks to track the investment results of an index composed of the United States Treasury bonds with remaining maturities between seven and ten years. The Fund seeks to track the investment results of the Barclays U.S.